Hong Kong-listed Fantasia joins spin-off trend

The Chinese developer plans to list its majority-owned property management unit that two months ago was valued at $175 million.

Chinese real estate developer Fantasia Holdings Group has joined a series of Hong Kong-listed companies in trying to boost the value of its business by spinning off certain assets for a separate listing.

In an announcement issued late on Monday, Fantasia said it has submitted a listing application to the Hong Kong stock exchange for its property management subsidiary, Colour Life Services Group. Subject to approval, Colour Life will sell new shares through an initial...